BLX trade ideas
Invest in Bitcoin: Analyzing Market with Fibonacci PitchforkAre you considering investing in Bitcoin but unsure of the best time to do so?
The past few years have seen a bear market for cryptocurrency, but it's important to remember that markets are cyclical and that prices will likely rise again.
One of the best tools to analyze market trends and predict future price movements is the Fibonacci Pitchfork.
This tool uses trendlines to identify support and resistance levels and can also be used to project future price movements.
According to the Fibonacci Pitchfork, we are currently in the bottom territory of the trend for Bitcoin, which suggests that now may be the perfect time to invest.
There is potential for significant price appreciation in the coming months.
If you're willing to hold for the long term, this could be an excellent opportunity to get in at a low price.
Don't miss out on the potential for significant returns on your investment.
Best of luck.
Bitcoin forecastBitcoin is currently poised to form a wonderful reversal candle. Attention, the week is not finished yet - this could initiate the longed-for correction.
The candle bounced exactly at the 61 Fib which has always led to a sell expression in the past.
However, the correction will only be short-lived (Q1) which should be used to stack sats again before the actual bull run.
It looks like we are trapped in this trend channel in blue until we break through it UP.
From this point on we are in the final phase of the bull market
Hash rate capitulationThe hash rate capitulation (HRC) indicator used in the Bitcoin Bottom Indictor (BBI) has fired. The HRC indicator measures the rate of change of the hash rate. Steadily increasing hash rate is a sign of health of the bitcoin network. This indicator uses moving averages (20- and 100-day) of the hash rate to indicate when a decrease in the rate of change is has occurred (i.e., the 20-day MA goes below the 100-day MA). This indicator triggers when the 20-day moving average of the hash rate going below the 100-day moving average. In the past, this indicator has detected local and macro cycle bottoms. It does fire more often than most other bottom indicators, so take it with a grain of salt.
Hash rate capitulationThe hash rate capitulation (HRC) indicator used in the Bitcoin Bottom Indictor (BBI) has fired. The HRC indicator measures the rate of change of the hash rate. Steadily increasing hash rate is a sign of health of the bitcoin network. This indicator uses moving averages (20- and 100-day) of the hash rate to indicate when a decrease in the rate of change is has occurred (i.e., the 20-day MA goes below the 100-day MA). This indicator triggers when the 20-day moving average of the hash rate going below the 100-day moving average. In the past, this indicator has detected local and macro cycle bottoms. It does fire more often than most other bottom indicators, so take it with a grain of salt.
Risk Mitigation Post | Possible BTC TopThis post presents a potential top for BTC Price Action (PA) for your confluence and Risk Mitigation.
I do not care if I am wrong, and invite constructive comments to improve the count and enable everyone a more holistic understanding of BTC PA, rather than destructive comments that do not achieve anything other than show the community the type of person your are.
The primary rationale for this count lies within the retracement on completion of the initial 5-Wave move up on completion of Primary WA.
From my perspective, this retracement exhibited insufficient depth to be counted as a W2.
Reverting to what I call the Elliott Wave Theory paradox, if it is not a W2, it must be a WB.
The targets presented in this chart may overshoot, however, I feel more confident in a new low, than an ATH on this move.
CRYPTOCAP:TOTAL was used to confirm this count.
Trade Safe.
TOTAL Chart:
BITCOIN pullback in 2024In the fog of war. The ETF shows the perception of future mass participation. We think the ETF is a buy, while Smart money sees this as a point of sale. Volatility will confuse the masses into selling at the wrong time like it has always happened. Fear will be the indicator on when to buy. Watch the news only to do the opposite or you will just donate more hard earned money. Wallstreet bets on when you will fail. In a bull market, is when you buy the dip.
Trade safe~
Time based entry points for bull run 2024/5 Based on previous cycles, measured days intervals between ATH-ATH, ATH-ATL, ATL-ATL. From there projected the entry points for the 2024/5 BTC bull-run. Price predictions based, once again on ATH from preivous cycles, where the multiples from cycle to new cycle diminish. 140k base, 240k optimistic prediction.
Post ETF BTCSo I will preface this by saying..I believe almost ANYTHING is possible in Crypto. Exchanges have varying liquidities, and it's a relatively new asset class. So 12k wick possible... Sure. It's not in my top 2 or 3 base cases right now however. That being said...
I primarily have 3 "possible" paths I see for BTC at the moment, Green and Red spends time in this recent "channel" (orange dashed horizontal lines), then Judas Swings one direction, dumping/mewning other. The more time we spend in/around this Channel, the higher probability I give this.
3rd scenario is Yellow path...we don't spend much time, continue to dump down to 23-27k.
As you can see from the Volume Profiles, we've got both PoCs (From ATH down to 15k, AND from 15k till now) down below 20k...so to me that indicates we had HEAVYYYY buying down there. The primary reason I don't think we need to revisit below that level.
Our recent action has tapped into ATH to 15k "Premium" multiple times recently, so I wouldn't be surprised to see us dump into "Discount" of 15k to Present (sub 32.2k) before resuming our next leg in this Bull Run.
As always, good luck, have fun, and practice solid risk management.
BTC Weekly Chart - Brave New CoinThere will always be volatility with COINBASE:BTCUSD Bitcoin and the CRYPTOCAP:TOTAL Crypto space but it's patience and structure that keeps me involved. It's in the code; the pattern will repeat itself! The BTC ETF news this week was excellent for people of America. We are still in great shape.
Still Bullish on the Weekly! #FollowTheSignals #RipOrDip
Not Financial Advice...Trade with Confidence and Control.
Start of a new golden cycleSince ancient times we have seen the golden as the most satisfying geometric ratio, it can be used to analyze the proportions of natural objects but also artificial systems such as Bitcoin. I believe in the golden to be the most influential level in markets.
Last cycle, i published the fractal Bitcoin followed during the first 2 pre-halving cycle’s and except for the Covid black-swan it respected the phases a third time like a charm.
Now our bottom (15465) is in, the 2023-2027 cycle can take-off. We accumulated and switched momentum now bulls are back. We will see a relief rally to this cycle’s golden (61.8% off 15465->69000) which is waiting at 48550usd to reject the level and start the re-accumulation into the next block-halving which is estimated to be around april 2024. After the 4th halving we are ready for our run-up to new price discovery in circa 2025, lets go.
Educational links
Fibonacci levels: www.investopedia.com
Golden ratio: www.canva.com
Bitcoin halvings: cointelegraph.com
See you in 2027 for another cycle!
The "EXPERTS" are wrong! The bull run is upon us!This chart is to show anyone still on the fence about buying bitcoin, weather the bottom is in and if bitcoin is about to enter a bull market.
Lets take a look at this 2 week chart of bitcoin with three indicators.
1 CM ULTIMATE MA
2 PI CYCLE BOTTOM (only the short MA to keep it clean)
3 TRADERS DYNAMIC INDICATOR (TDI)
All three of these indicators are screaming that not only the bottom is for 6 months now but that the bull run is right around the corner. We can also see that price action would battle here with these areas until they broke above and confirmed the bull run, we are not there yet, but bitcoin is in the amidst of this battle as we speak. So, once these lines are conquered the bull should be official. It will not go below until the bull run is over. the one exception for this is covid in 2020, but it fairly quickly recovered from.
Lets look at the facts.
The thick green line that turns red in bear trends is the cm ultimate and the thinner green is pi cycle. Three previous times in history the pi line has crossed down below the cm ultimate which marked the eventual bottom. The cross up is what is important here as every other time in history marked the bottom well behind it and was approaching the inevitable next bull phase. {Highlighted with ovals}
Now the TDI
The TDI is actually showing confluence which only strengthens our analysis. The TDI also showed bullish divergence for many weeks before the latest breakout mark with yellow lines. Also the TDI shows strength and momentum build up as we compare it to the previous market cycles. The red line first makes a bottom and then crosses the green line. then it crosses the median yellow line and the green line then follows it. When both the red and green lines crossed the median yellow line in previous history, the bull run followed very shortly after. {highlighted with bigger ovals}
So, according to these indicators the bull market is coming very soon. We can have another big correction here soon, but the as long as the criteria is met the rocket ship will leave orbit.
Thank you
WeAreSat0shi
Stay blessed!
Rumors of Bitcoins demise have been greatly exaggerated. Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look.
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market.
Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over.
How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme.
This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!!
We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence.
I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick.
Please feel free add comments or ask questions down below.
Thanks for looking
WeAreSar0shi
The bear trap is set. The 2023 bear trap
AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval.
Above that we have the bear trap zone and the fomo zone A break and hold of the 25.4k level leads to the setting of the bear trap. This bear trap zone goes all the way to 32k above that is the fomo zone and it goes to 47k and possibly even higher. These ar eth e levels to look for in the coming weeks.
Another thing of note to look for is that Bitcoin could retest the break out zone at a later date {shown with the blue arrow} and as long as it holds it could then lead to the bear trap.
What to look for
The RSI will be a dead give away on what move comes first as I have drawn the down trend that it is in at the moment. If this should break above the down trend then it will do with the price and confirm the move.
Thanks for looking
Hit the like and subscribe for hot off the press charts.
WeAreSatoshi
Stay blessed in 2023.
Might be making this script public again sometime soon!!So i tunned this indicator in such a way that the top represents volume and a period. Which current action is either underperforming or over performing the past previous period. Same with the bottom indicator is set to price action.
The bottom indicator more importantly being in the RED whilst inclining for some period.
The top being green seems to me as if I blundered into accuracy with it being a good potential buy period for bitcoin.
There are a lot of ways in which this can be depicted and experienced analysis would not have a problem with potential bottom of markets and reversals.
More to the point that this indicator has multiple uses and if one understands it to some degree could use it for various reasons.
I did not design this indicator an contribute its development to Balipour for unknown reasons was banned along with the removal of his/hers content.
So in good time, i may see if its possible to make this indicator public as it has quiet a few settings and I am sure people could benefit from it.